PB Bankshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 28, 2022 at 01:46 am IST
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PB Bankshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was USD 2.49 million compared to USD 1.92 million a year ago. Net income was USD 0.347 million compared to USD 0.279 million a year ago. Basic earnings per share from continuing operations was USD 0.14.
For the six months, net interest income was USD 4.69 million compared to USD 3.59 million a year ago. Net income was USD 0.592 million compared to USD 0.33 million a year ago. Basic earnings per share from continuing operations was USD 0.23.
PB Bankshares, Inc. is a bank holding company for Presence Bank (the Bank). Its principal business consists of attracting retail and commercial deposits from the general public in its market area and investing those deposits, together with funds generated from operations and borrowings, primarily in commercial real estate loans, commercial and industrial loans, construction, home equity lines of credit and to a lesser extent, one-to four-family residential real estate loans and consumer loans. It offers a variety of deposit accounts, including demand deposit accounts, savings accounts, money market accounts and certificate of deposit accounts. Its community-oriented bank offers a variety of financial products and services to meet the needs of its customers. The Bank operates four banking offices and two loan production offices in Chester, Lancaster and Dauphin Counties, Pennsylvania. The Bank also serves customers in Cumberland and Lebanon Counties.
PB BANKSHARES, INC. 
